Aug 6, 2026, 4:16 PM ETFinancial Services

Westwood Holdings Group, Inc. — Second Quarter 2026 Earnings Summary

WHGWESTWOOD HOLDINGS GROUP INC

Financial Performance

Total revenues for the quarter were $25.3 million, compared to $25.0 million in the first quarter of 2026 and $23.1 million in the second quarter of 2025.
Net income was $1.5 million, up from $0.8 million in the first quarter of 2026 and $1.0 million in the second quarter of 2025.
Diluted earnings per share (EPS) were $0.17, compared to $0.09 in the first quarter of 2026 and $0.12 in the second quarter of 2025.
Non-GAAP Economic Earnings were $3.0 million, or $0.33 per share, compared to $2.8 million, or $0.31 per share, in the first quarter of 2026, and $2.8 million, or $0.32 per share, in the second quarter of 2025.
Cash and investments held were $56.5 million as of June 30, 2026.
Stockholders' equity totaled $126.3 million as of June 30, 2026.
For the six months ended June 30, 2026, total revenues were $50.3 million compared to $46.4 million in the prior year period; net income was $2.3 million compared to $1.5 million.

Management expressed confidence in delivering long-term value for clients and shareholders as the company marks its 24th anniversary as a public company.
The company highlighted a growing Private Capital business and an expanding Managed Investment Solutions pipeline as key drivers for future positioning.
The upcoming listing of the PWRX ("Power-X") ETF on the Texas Stock Exchange was noted as a future catalyst.

Firmwide assets under management and advisement totaled $17.9 billion, consisting of $17.0 billion in assets under management (AUM) and $1.0 billion in assets under advisement (AUA).
The Private Capital platform surpassed $500 million in assets.
The ETF platform surpassed $400 million in assets.
Managed Investment Solutions flows reached $350 million.
Investment strategies beating their primary benchmarks included Enhanced Balanced, Alternative Income, Real Estate Income, MLP & Energy Infrastructure, Enhanced Midstream Income, and Enhanced Energy Income.
MLP & Energy Infrastructure, Enhanced Balanced, and Enhanced Midstream Income posted top quartile rankings versus peers; Real Estate Income posted top decile rankings versus peers.
Revenue growth was attributed to continued growth in ETFs and private energy secondaries funds.

The company operates as a boutique asset management firm offering actively-managed and outcome-oriented investment strategies to institutional, intermediary, and private wealth clients.
The firm noted competition in the investment management industry and the risk of fee pressures in the "Forward-looking Statements" section.

Risks include the composition and market value of AUM and AUA, competitive fee pressures, risks associated with activist stockholders, and the potential for distributions to include a return of capital.
Other risks include regulatory changes, cyber security threats, litigation risks, dependence on third-party vendors, and the concentration of revenues in a small number of customers.
The stock is thinly traded and may be subject to volatility.

CEO Brian Casey stated the company is "very proud of the momentum" built during the quarter.
Management cited strength across Multi-Asset and Wealth Team strategies alongside the growth in the Private Capital and ETF platforms.
The tone was confident regarding the company's ability to continue delivering value.

A cash dividend of $0.15 per common share was declared, payable on October 1, 2026, to stockholders of record on September 1, 2026.
First quarter net income included a one-time recognition of gains from an investment in a private bank.
Second quarter net income was impacted by higher compensation and professional services expenses, as well as higher income taxes, partially offset by lower compensation expenses compared to the first quarter.
The company hosts a conference call to discuss results, with registration links provided for dial-in and webcast access.